Hindprakash Industries files voting results for 18th AGM
- All four resolutions at Hindprakash Industries' 18th AGM held on September 28, 2026 passed with near-unanimous approval
- Total votes polled across all resolutions stood at 27,01,405, representing 23.6465% of outstanding shares
- Promoter and promoter group cast 22,41,340 votes entirely in favour; only 1 dissenting vote recorded across all resolutions
- Resolutions covered adoption of FY26 financial statements, re-appointment of Santosh Narayan Nambiar, ratification of cost auditor remuneration for FY27, and re-appointment of Rushabh Shah as independent director for a second five-year term
- Scrutinizer report was issued by Uday Dave of Parikh Dave & Associates on September 28, 2026
*this image is generated using AI for illustrative purposes only.
Hindprakash Industries Limited has submitted the voting results and scrutinizer report for its 18th Annual General Meeting held on September 28, 2026, confirming all four resolutions passed with near-unanimous shareholder approval.
The meeting was conducted through Video Conferencing and Other Audio Visual Means (VC/OAVM) in compliance with regulatory guidelines. It commenced at 2:32 pm and concluded at 2:37 pm. The record date for voting entitlement was September 21, 2026, with 3,026 total shareholders on record. Remote e-voting was open from September 25 to September 27, 2026. Four promoter and promoter group members and 20 public shareholders attended via video conferencing. The proceedings were chaired by Om Prakash Mangal, with Managing Director Sanjay Prakash Mangal briefing members on the company's performance during FY26.
Resolutions passed
Shareholders approved four items of business through e-voting. The Auditors' Report and Secretarial Auditors' Report contained no qualifications, reservations, adverse remarks, or disclaimers.
| Item | Resolution type | Details |
|---|---|---|
| Adoption of financial statements | Ordinary | Adopted Balance Sheet, P&L, and Cash Flow for FY26 |
| Director re-appointment | Ordinary | Mr. Santosh Narayan Nambiar retires by rotation and is re-appointed |
| Cost auditor remuneration | Ordinary | Ratified remuneration for M/s. A.G. Tulsian & Co. for FY27 |
| Independent director term | Special | Re-appointed Mr. Rushabh Shah for a second five-year term |
Voting results summary
All four resolutions recorded identical voting outcomes. A total of 27,01,405 votes were polled across all resolutions, representing 23.6465% of outstanding shares. The promoter and promoter group held 85,50,955 shares, of which 22,41,340 votes (26.2116% of their holding) were cast entirely in favour. Public non-institutional shareholders held 28,73,155 shares, with 4,60,065 votes polled (16.0125% of their holding), of which 4,60,064 were in favour and 1 against. No institutional public shareholders participated.
| Category | Shares held | Votes polled | % polled | Votes in favour | Votes against |
|---|---|---|---|---|---|
| Promoter and promoter group | 85,50,955 | 22,41,340 | 26.2116 | 22,41,340 | 0 |
| Public institutions | — | — | — | — | — |
| Public non-institutions | 28,73,155 | 4,60,065 | 16.0125 | 4,60,064 | 1 |
| Total | 1,14,24,110 | 27,01,405 | 23.6465 | 27,01,404 | 1 |
The scrutinizer's consolidated report confirmed the following vote counts per resolution, with all four resolutions passing:
| Resolution | Assent (votes) | Dissent (votes) | % in favour |
|---|---|---|---|
| Resolution 1: Adoption of financial statements | 27,01,404 | 1 | 100 |
| Resolution 2: Re-appointment of Santosh Narayan Nambiar | 27,01,404 | 1 | 100 |
| Resolution 3: Ratification of cost auditor remuneration | 27,01,404 | 1 | 100 |
| Resolution 4: Re-appointment of Rushabh Shah as independent director | 27,01,404 | 1 | 100 |
Scrutinizer details
Uday Dave of Parikh Dave & Associates, Practicing Company Secretaries, served as the scrutinizer for both remote e-voting and e-voting at the AGM. He was appointed by the Board of Directors on August 12, 2026, and issued his report to the company on September 28, 2026. The votes were unblocked after the meeting in the presence of two witnesses, Mrs. Riddhi Brahmabhatt and Mr. Yash Parmar, who are not in the employment of the company. Electronic data and all relevant records relating to e-voting remain under the scrutinizer's custody pending handover to the Company Secretary.
Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE05X901010/92a6a6be-1ce3-4e8d-9c68-2e56b2824599.pdf
Historical Stock Returns for Hindprakash Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +20.00% | +13.54% | +6.77% | +6.66% | +2.53% | +54.78% |
How will the clean audit opinion and unanimous shareholder approval impact Hindprakash Industries' ability to secure favorable financing terms in FY27?
Given the low institutional participation and 23.6% overall voting turnout, what strategies might the company adopt to enhance governance transparency and attract long-term institutional investors?
With Mr. Rushabh Shah re-appointed for a second five-year term, how is the board planning to leverage his extended tenure to drive specific strategic initiatives or risk management improvements?
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